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ITHome reports SpaceX stock rally and potential Tesla merger
ITHome reports that SpaceX shares rose 11.18%, with a market value of $2.23 trillion, above TSMC, and fiscal third-quarter revenue grew 161% year over year. Elon Musk said SpaceX and Tesla had each formed special committees of independent directors to explore a potential merger, but terms had not been agreed and a deal remained uncertain.
What to know
- 01
The report lists SpaceX's fiscal third-quarter revenue at $14.575 billion and net profit attributable to shareholders at $4.404 billion, versus a $1.054 billion loss a year earlier.
- 02
The report ranks SpaceX as the sixth-largest US-listed company by market value.
Why it matters
Musk linked the potential benefits of a merger to cooperation on AI and autonomous driving, but a deal remains uncertain.
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